Can I Finance a Manufactured Home for My Family Member with JCF Lending Group?
No. All applicants must live in the manufactured home. Many times consumers will apply for a manufactured home mortgage stating that the manufactured home they wish to purchase will be their primary residence. If we discover within a one (1) year period of time that the applicant(s) that initiated the loan do not, in fact, reside in the manufactured home, your loan agreement allows us to repossess the manufactured home and retain any down payment and/or equity that may be present. Your application will be considered fraudulent and possible criminal charges may be initiated. We have several ways to verify residency. Also, it is important to realize most parks and leased lot manufactured home communities require ownership of the manufactured home in order to live in the park or community.
